Lloyds TSB/HBOS merger gets green light

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Lloyds TSB/HBOS merger gets green light

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01-13-2009, 09:04 AM

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Lloyds TSB/HBOS merger gets green light

The new Lloyds Banking Group, formed by the merger of Lloyds TSB and HBOS, has received legal approval by a court in Edinburgh and will commence trading next week. The news comes just one day after it was announced that the new banking giant will be 43.4% owned by the taxpayer, after investors bought just [...]

More: Lloyds TSB/HBOS merger gets green light

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